Credit Enhancement Agreement合同协议书英文版.docx

Credit Enhancement Agreement合同协议书英文版.docx

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CreditEnhancementAgreement合同协议书英文版

编号：

_____________

CreditEnhancementAgreement

甲方：

________________________________________________

乙方：

___________________________

签订日期：

_______年______月______日

　　CREDITENHANCEMENTAGREEMENTbetweenAAA,_________（ADDRESS）andBBBCORPORATIONDatedasof_________,_________,_________（M/D/Y）.

　　TABLEOFCONTENTS

　　ARTICLEI

　　Section1.1.Definitions

　　Section1.2.InterpretationandConstruction

　　Section1.3.DevelopmentProgram

　　Section1.4.Completion

　　Section1.5.CityCosts

　　Section1.6.AgreementControls

　　ARTICLEII

　　Section2.1.CreationofDevelopmentProgramFund

　　Section2.2.Liens

　　Section2.3.DepositsintoDevelopmentProgramFund

　　Section2.4.MoniesHeldinTrust

　　ARTICLEIII

　　Section3.1.CreditEnhancementPayments

　　Section3.2.FailuretoMakePayment

　　Section3.3.MannerofPayments

　　Section3.4.ObligationsUnconditional

　　Section3.5.LimitedObligation

　　Section3.6.CalculationofRetainedTaxIncrement

　　Section3.7.Revaluation

　　ARTICLEIV

　　Section4.1.PledgeofProjectCostAccount

　　Section4.2.PerfectionofInterest

　　Section4.3.FurtherInstruments

　　Section4.4.NoDispositionofDeveloperSubaccount

　　Section4.5.AccesstoBooksandRecords

　　ARTICLEV

　　Section5.1.EventsofDefault

　　Section5.2.RemediesonDefault

　　Section5.3.RemediesCumulative

　　Section5.4.AgreementtoPayAttorneys'FeesandExpenses

　　Section5.5.TaxLaws

　　ARTICLEVI

　　Section6.1.EffectiveDateandTerm

　　Section6.2.CancellationandExpirationofTerm

　　ARTICLEVII

　　Section7.1.ConsenttoPledgeand/orAssignment

　　Section7.2.Pledge,AssignmentorSecurityInterest

　　Section7.3.Assignment

　　ARTICLEVIII

　　Section8.1.Successors

　　Section8.2.PartiesinInterest

　　Section8.3.Severability

　　Section8.4.NoPersonalLiabilityofOfficialsoftheCity

　　Section8.5.Counterparts

　　Section8.6.GoverningLaw

　　Section8.7.Notices

　　Section8.8.Amendments

　　Section8.9.NetAgreement

　　Section8.10.BenefitofAssigneeorPledges

　　Section8.11.Integration

　　Section8.12.Disputes

　　Section8.13.Arbitration

　　THISCREDITENHANCEMENTAGREEMENTdatedasof_________,_________,_________（M/D/Y）,betweentheAAA,_________（the'City'）,amunicipalbodycorporateandpoliticandapoliticalsubdivisionoftheStateof_________,andBBBCorporation（the'Developer'）,a_________（ADDRESS）corporationwithaplaceofbusinessinBath,_________（ADDRESS）.

　　WITNESSETHTHAT

　WHEREAS,theCitydesignatedTheBBBMunicipalDevelopmentandTaxIncrementFinancingDistrict#1andTheBBBMunicipalDevelopmentandTaxIncrementFinancingDistrict#2（the'Districts'）pursuanttoChapter207ofTitle30-Aofthe_________（ADDRESS）RevisedStatutes,asamended,byactionoftheCityCouncilataCityCouncilMeetingheldon_________,_________,_________（M/D/Y）（the'Vote'）andpursuanttothesameVoteadoptedadevelopmentprogramandfinancialplanfortheDistricts（the'DevelopmentProgram'）;and

　　WHEREAS,the_________（ADDRESS）DepartmentofEconomicandCommunityDevelopmenthasreviewedandacceptedtheDistrictandtheDevelopmentProgrameffective_________,_________,_________（M/D/Y）;and

　　WHEREAS,theDevelopmentProgramcontemplatestheexecutionanddeliveryofacreditenhancementagreementbetweentheCityandtheDeveloper;and

　　WHEREAS,theCityandtheDeveloperdesireandintendthatthisCreditEnhancementAgreementbeandconstitutethecreditenhancementagreementcontemplatedbyanddescribedintheDevelopmentProgram;

　　NOW,THEREFORE,inconsiderationoftheforegoingandinconsiderationofthemutualpromisesandcovenantssetforthherein,thepartiesherebyagreeasfollows:

　　ARTICLEI

　　DEFINITIONS:

INTERPRETATIONS

　　SECTION1.1.DEFINITIONS.ThetermsdefinedinthisArticleIshall,forallpurposesofthisAgreement,havethemeaningshereinspecified,unlessthecontextclearlyrequiresotherwise:

　　'Agreement'shallmeanthisCreditEnhancementAgreementbetweentheCityandtheDeveloper.

　　'CapturedAssessedValue'shallmeanthevaluationamountbywhichthethencurrentassessedvalueoftheDistrictsexceedstheOriginalAssessedValueoftheDistricts.

　　'City'meanstheAAA,_________（ADDRESS）,amunicipalitydulyorganizedandexistingunderthelawsoftheStateof_________（ADDRESS）.

　　'CityShare'means（a）alloftheRetainedTaxIncrementRevenuesotherthantheDeveloperSharethereofplus（b）allinterestandearningsonalloftheRetainedTaxIncrementRevenues,exceptasprovidedinSection3.1（e）hereof.

　　'Developer'meansBBBCorporation,a_________（ADDRESS）corporationwithaplaceofbusinessinBath,_________（ADDRESS）.

　　'DevelopmentProgram'meansthedevelopmentprogramfortheDistrictasadoptedbytheBathCityCouncilataMeetingheldon_________,_________,_________（M/D/Y）.

　　'DevelopmentProgramFund'meansthedevelopmentprogramfunddescribedintheFinancialPlansectionoftheDevelopmentProgramandestablishedandmaintainedpursuanttoArticleIIhereof.

　　'DeveloperShare'means（a）100%oftheRealPropertyIncrementwithrespecttotheLandLevelFacilityand50%oftheRealPropertyIncrementwithrespecttotheExistingFacilityand50%ofthePersonalPropertyIncrementwithrespecttotheLandLevelFacilityand50%ofthePersonalPropertyIncrementwithrespecttotheExistingFacility,foreachofthetwenty-fiveyearsofthetermofthisAgreement（commencingwiththeyear_________TaxYear）oftheRetainedTaxIncrementRevenues,provided,however,thatsuchpercentagesshallbereducedtothefollowingamountsatsuchtimethattheaggregateamountofpaymentsbytheCitytotheDeveloperduringthetermofthisAgreementandpursuanttothisAgreementequal$_________;100%oftheRealPropertyIncrementwithrespecttotheLandLevelFacilitywithrespecttoassessedvalueequaltotheassessedvalueofLandLevelFacility（District#1）realpropertyasof_________,_________,_________（M/D/Y）;35%oftheRealPropertyIncrementwithrespecttotheLandLevelFacilitywithrespecttoassessedvalueofrealpropertyinexcessoftheassessedvalueofLandLevelFacility（District#1）realpropertyasof_________,_________,_________（M/D/Y）;35%ofthePersonalPropertyIncrementwithrespecttotheLandLevelFacility;35%oftheRealPropertyIncrementwithrespecttotheExistingFacility;and35%ofthePersonalPropertyIncrementwithrespecttotheExistingFacility.

　　IntheeventthattheTaxShiftFormulasarechangedandasaresulttheCity'sTaxShiftamountisdecreasedbyreasonofinclusionintheCity'svaluationforpurposesoftheTaxShiftFormulasofanyportionoftheCapturedAssessedValuewithrespecttowhichtheDeveloper'sShareisdeterminedhereunder,then,commencingwiththelaterof（a）the_________FiscalYearor（b）theFiscalYearinwhichtheTaxShiftFormulasarechanged,theDeveloperShareshallbereducedbyanamountequalto50%ofthedifference,calculatedsolelywithrespecttotheDeveloperShareoftheRetainedTaxIncrement,between（a）theTaxShiftasdeterminedusingthemethodsetforthinthecurrentTaxShiftFormulasand（b）theTaxShiftasproperlydeterminedusingthetheneffectiveStatelawsrelatingtostateaidtoeducation,revenuesharingandcountytax;anyreductionunderthisparagraphshallbecalculatedannuallyandappliedtoreducethepaymentsoftheDeveloperShareonthenextscheduledpaymentdatehereinfollowingsuchcalculation.

　　AchangeintheTaxShiftresultingotherthanfromincludingCapturedAssessedValueintheCity'svaluationshallnotresultinareductionoftheDeveloper'sShare.

　　AnythinginthisAgreementtothecontrarynotwithstanding,forpurposesofcalculatingtheDeveloper'sShare,theplatformfortheLandLevelTransferSystem（theconcretepad,filledlandandpilingssupportingthestructuresthereon）shallbeincludedwithintherealpropertyincrementoftheLandLevelFacility.

　　'District（s）'meanstheBBBCorporationMunicipalDevelopmentandTaxIncrementFinancingDistrict#1（'District#1'）andTheBBBMunicipalDevelopmentandTaxIncrementFinancingDistrict#2（'District#2'）designatedbytheCitypursuanttoChapter207ofTitle30-Aofthe_________（ADDRESS）RevisedStatutes,asamended,byvoteatCityCouncilMeetingheldon_________,_________,_________（M,D,Y）,whichDistrictsshallincludetheExistingFacilityandtheLandLevelFacility.

　　'EffectiveDate'means_________,_________,_________（M/D/Y）.

　　'ExistingFacility'meansthePropertyconsistingoftheexistingshipbuildingfacilityoftheDeveloper,locatedontheparcelshownonTax_________,_________（M,D）asParcel142withinDistrict#2,includingallland,buildings,andallpersonalpropertylocatedonsuchparcelasof_________,_________（M,D）eachyearsubjecttoCityadvaloremtaxestogetherwithallimprovementsoradditionstheretowithintheexistinggeographicboundariesofsuchfacility,allascurrentlydepictedonExhibitAhereto.

　　'FinancialPlan'meansthefinancialplandescribedinthe'FinancialPlan'SectionoftheDevelopmentProgram.

'FiscalYear'means_________,_________（M/D）to_________,_________（M/D）ofeachyearorsuchotherfiscalyearastheCitymayfromtimetotimeestablish;forpurposesofthisAgreement,theFiscalYear_________meanstheFiscalYearcommencing_________,_________,_________（M/D/Y）andending_________,_________,_________（M/D/Y）andtheFiscalYear_________$meanstheFiscalYearcommencing_________,_________,_________（M/D/Y）andending_________,_________,_________（M/D/Y）.

　　'LandLevelFacility'meansthelandlevelfacilitytobeconstructedinDistrict#1bytheDeveloperadjacenttotheExistingFacility,